PANews June 5 news, according to the official blog, stablecoin issuer Tether announced a strategic investment in the African blockchain financial platform Shiga Digital, with the specific amount undisclosed. This cooperation aims to provide on-chain financial services such as cross-border payments and foreign exchange management for African enterprises through the USDT stablecoin, focusing on the international settlement needs of traditional industries like oil and gas as well as freelancers.
Shiga Digital offers customized services such as virtual accounts and over-the-counter trading, and is developing an on-chain gateway that will allow users to directly use USDT for daily transactions without needing to exchange for local currency. Tether CEO Paolo Ardoino stated that this cooperation will drive blockchain technology to become a core component of Africa's financial infrastructure.